A fascinating thread looking at things financially as it relates to Arsenal (and other clubs as well):
-YTC
This is good news to me. The only way that the club can get better is for Stan Kroenke to either change tack or sell the club, and the only way he does that is for the club to be a loss maker. As the thread suggests, the only way it can cease to be a loss maker is to -
1 - Sell a couple of great players each year. My belief is that we managed to do this for a few years because we'd stocked up on good players whilst at the top after investing considerable amounts for the time, and whittled it down. It's arguable that Aubameyang and Lacazette are the last of this whittled down player investment. It's nearly impossible to turn £20 million pound players into £100 million pound players these days unless you have a good team, as those sorts of young prospects want to play and learn at the best teams with the best players.
2 - Invest heavily in the team, reap ECL qualification money and all the sponsorship money etc that comes with it. As I've said in the previous post you need to do no2 to be able to do no1 anyway, so it's a myth to think you can uncover rough diamonds and make a profit or somehow make a great team without investment.
3 - Rely on an excellent youth development program. This is mostly what has elevated Tottenham, but imo this is a once in a generation way to build a team, so if you strike gold with it, you better keep investing, else you'll flop when your luck runs out. I think we'll see Tottenham gradually falling away like Arsenal have unless they can keep restocking with great youth, which they can't because no-one can keep doing this unless you AGAIN - spend big (like Man City and ironically Arsenal did when we were at the top of the league). It's a crap shoot.
Ie; in my opinion Arsenal is fucked. But anyway, this is a good thing as SK is never ever going to be a good thing for the club, and the only way we turn the corner is to get rid of him.
To cut a long story short I think you have to invest to succeed in the European soccer.